Published: 10 May 2019

Industrial output fell in March both year-on–year and from the month before

Seasonally adjusted industrial output (TOL BCD) fell by 0.1 per cent in March from the month before. According to Statistics Finland, industrial output adjusted for working days was 1.3 per cent lower in March 2019 than in March 2018. In the first quarter of the year, working-day adjusted output was 0.4 per cent greater than one year earlier.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/03

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2019/03

Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008

Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008

In March, seasonally adjusted industrial production increased most in electricity, gas, steam and air conditioning supply, by 2.9 per cent and in mining and quarrying, by 2.2 per cent. Output in the metal industry went down by 0.2 per cent and in the forest industry by 1.2 per cent. Output went down most in the chemical industry, by 1.6 per cent.

Seasonal adjusted change in industrial output by industry, 02/2019 to 3/2019, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 02/2019 to 3/2019, %, TOL 2008

Revised data for March 2019 will be published at 8 am on 10 June 2019 in connection with the release of industrial output data for April 2019. The revision is influenced by the estimation used in the latest release, which is based on the Tax Administration's data on self-assessed taxes used for enterprises with fewer than 50 employees. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.


Source: Volume Index of Industrial Output 2019, March. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 10.5.2019

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. March 2019. Helsinki: Statistics Finland [referred: 22.5.2019].
Access method: http://www.stat.fi/til/ttvi/2019/03/ttvi_2019_03_2019-05-10_tie_001_en.html